
Economist Prabhat Patnaik's new book analyzes how India's neoliberal policies have impacted employment and exacerbated inequality. The book argues that a shift in income from the working class to the rich reduces overall consumption, leading to economic crises. Patnaik contends that neoliberal structures limit the government's ability to effectively counter these crises through monetary or fiscal policy, with global crises like 2008 eventually impacting India.